Columbia Sportswear Company Announces Drop In Q4 Bottom Line, misses estimates

Columbia Sportswear Company (COLM) revealed a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line came in at $125.69 million, or $2.02 per share. This compares with $156.96 million, or $2.39 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $2.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.5% to $1.17 billion from $1.13 billion last year.

Columbia Sportswear Company earnings at a glance (GAAP) :

-Earnings (Q4): $125.69 Mln. vs. $156.96 Mln. last year.
-EPS (Q4): $2.02 vs. $2.39 last year.
-Analyst Estimates: $2.28
-Revenue (Q4): $1.17 Bln vs. $1.13 Bln last year.

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